I recently shared the illustration below that very accurately describes our market. A lot of the questions I get from home Buyers is if they can low-ball an offer "just to see what happens." We are currently facing historic low inventory. Rates are rising. Home prices are being driven upwards by supply & demand principle. This is the market to get in, build that equity, and ride the price increase until you are able to move-up into a larger home using that positive home equity (meaning you can sell at a profit). Put forth your strongest offer. Remember- list price is a suggestion but in a hot market, it's a starting point. You cannot overpay for a home if you are financing (the Lender won't give you more money than the home is worth!). There are many more buyers out there right now then there are homes to sell, and throughout Maryland we're seeing 10 days as a long time for a home to be on the market if it's in decent shape.

 

This data explains why we don't have any more "slow times" during the Winter and Spring. The demand for homes has not decreased in over 83 months (the above graphic is from 2017!). 

When are you making your move?

Dunkirk MD Homes for Sale - Genna Fleming, REALTOR® at EXIT 1 STOP REALTY
You now have free access to my Real Estate Search Engine! I am your local real estate expert with the knowledge and experience to deliver the unsurpassed service you deserve. Local Specialties: Upper Marlboro, Lanham, Lothian, Edgewater, Annapolis, & Dunkirk. Call Genna Fleming at (443) 532-8917 or follow my real estate adventures on Instagram @askgenna